M&A - DELAWARE GROUP EQUITY FUNDS IV

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000336

Filing Summary: On April 21, 2025, Macquarie Group Limited and certain affiliates, along with Nomura Holding America Inc., entered into an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is contingent upon customary closing conditions and regulatory approvals, with an expected closing date by the end of October 2025. The agreement will lead to the automatic termination of each Fund's investment advisory agreement with Delaware Management Company, prompting the Board of Trustees to consider and potentially approve new investment advisory agreements that will be presented to Fund shareholders post-transaction approval.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000361

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), along with certain affiliates and Nomura Holding America Inc. (Nomura), announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of October 2025, although this timeline may change. Upon closing, the investment advisory agreements currently in place between DMC and the Funds will terminate automatically, necessitating the approval of a new advisory agreement. The Board of Trustees of each Fund will be asked to approve new agreements, which will be presented to shareholders for approval if endorsed by the Board, and would take effect at the transaction's closing. Investors are advised to consult tax professionals regarding potential tax implications related to these changes.

Form Type: 497K

Filing Date: 2025-04-21

Corporate Action: Acquisition

Type: New

Accession Number: 000113743925000364

Filing Summary: On April 21, 2025, Macquarie Group Limited, the parent company of Delaware Management Company (DMC), and Nomura Holding America Inc. announced an agreement for Nomura to acquire the US and European public investments asset management business of Macquarie Asset Management. The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals, and is expected to close by the end of October 2025. Upon closure, there will be an automatic termination of each Fund’s investment advisory agreement with DMC, followed by the Board of Trustees being asked to approve new investment advisory and sub-advisory agreements. If approved, these new agreements will become effective upon closing of the transaction. Furthermore, the document emphasizes the importance of consulting a tax professional regarding tax implications before making investment decisions.